Recently we received one report concerning the situation with blocking accounts by EgoPay. The thing is that one of the main principles of EgoPay payment processor is that all transactions are final and cannot be reversed. If you have a problem after making a payment, you need to solve this matter directly with the recipient. So how was the block actually going on...?
When a person tried to check the transactions, the message saying his account had been blocked appeared. After contacting the EgoPay support, the person got the reply about some fraudulent transactions that possibly took place on the customer's account. When trying to specify what transaction particularly could be suspicuous, the answer came about some sort of investigation that was taking place and no more info could be supplied at that time. If we try to remember the latest issues with AlertPay and Liberty Reserve, they were giving nearly the same responses.
Initially, EgoPay was created as an alternative to Payza, with the ability to transfer the money in and out of Payza with minimum fees. The popularity of EgoPay has been growing rapidly after its launch. It was added by many HYIP admins and monitoring sites, including HYIPNews. Naturally we hope blocking EgoPay accounts will not be happenning massively, though unfortunately messages about accounts blockings have already appeared on forums, which will ultimately raise another wave of fury from HYIP investors and admins. Anyway, let's think positive and hope EgoPay won't become another scam payment processor in the future. Otherwise, it will lead to the chaos in the industry, which has just started to reborn after the Liberty Reserve collapse.